Pandora Misses Forecast

Misses revenue projections
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Pandora missed Wall Street analysts revenue expectations for its fourth quarter.

The Internet radio company reported revenue of $268 million due to soft holiday sales, compared to the approximately $276 million that was forecast.

Advertising revenue was $220.1 million, up 36%. Subscription and other revenue was $47.9 million, a 24% increase.

Pandora had reported its total active users were 81.5 million at the end of Q4, a 6.5% increase compared to the previous quarter.